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Mustardseed prices slipped by Rs 16 to Rs 3,632 per quintal in futures trade today as participants cut down positions amid a weak trend at the physical markets.

Marketmen attributed the fall in mustardseed prices in futures trade to trimming of positions by participants in sync with a weak trend at the spot markets due to shrinking demand amid higher supplies.

At the National Commodity and Derivatives Exchange, mustardseed for delivery in August was trading lower by Rs 16, or 0.44 per cent, to Rs 3,632 per quintal, revealing an open interest of 60,970 lots.

Mustardseed for delivery this month too declined by Rs 12, or 0.33 per cent, to Rs 3,595 per quintal, depicting an open interest of 7,960 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)